Japan PM contender Kato wants folks to have higher wages

Big promises from one of the runners to be new Prime Minister:

Kato:

• sees exit from deflation on horizon
• must compile stimulus package backed by a bold supplementary budget at an early date
• stimulus package should include spending for reconstruction from the Noto earthquake and typhoon
• package should contain to prompt higher wage

Kato talks of doubling wages. Yeah, right.

This article was written by Eamonn Sheridan at www.forexlive.com.